A new ranking of Nigeria’s richest musicians has recently been unveiled. These people are big names in the Nigerian music industry who are the pride of their country both nationally and internationally.
Here are the 10 richest musicians in Nigeria in 2018:
10. Flavour and Olamide Adedeji (fortune 3.2 Billion Naira)
These two musicians occupy tenth place in this ranking. Flavour N’abania, whose real name is Chinedu Izuchukwu Okoli, was born on November 23, 1983. He is not only a singer, but also a multi-instrumentalist, a composer and a talented performer.
He began his career as a drummer in his local church in Enugu State. In 2005, he released his first album “N’abania”. Today, it is famous not only in Nigeria but throughout Africa and even around the world.
Olamide Adedeji, simply known as Olamide, is a budding star of Nigerian hip-hop music. He was born on March 15, 1989 in Bariga, Lagos State. He sings particularly in his mother tongue, Yoruba. He was revealed to the general public in 2011 with the release of his first album “Rapsodi”. The hit album was followed by the second album “YBNL”. He now has seven albums. He has won numerous awards at prestigious Nigerian and African ceremonies. He was also the first Nigerian celebrity to sign a contract with the Ciroc brand.
9. Banky W (Fortune 3.5 Billion Naira)
Banky W by his real name Olubankole Wellington is not only a singer and a rapper but he is also an actor. He was born in New York, United States, on March 27, 1981.
His parents returned to their home country when Banky was five years old and he attended primary and secondary school in Nigeria. Later, he returned to the United States to pursue his graduate studies. He began his musical career in 2002 and already has five albums. He has appeared in several films including: “The Wedding Party 1 and 2.”
8. Timaya (fortune 4 Billion Naira)
The real name of Timaya is Enitimi Alfred Odom. He was born in Port Harcourt, Rivers State on August 15, 1980. He began his career as a singer and songwriter after the creation of his musical group “Dem Mama Soldiers.”
In 2005, he began his solo career and released his first album entitled “True Story”, followed by “Gift and Grace” released in 2008. After the release of his third studio album “De Rebirth”, Timaya gained international notoriety. Today, Timaya has six albums and many singles.
7. Paul Okoye (fortune 5.6 Billion Naira)
Seventh place is occupied by singer Paul Okoye, born November 18, 1981 in Jos, Plateau State. He and his brother Peter Okoye created the band “P-Square”, which was the most famous duet of Nigerian music until they decided to split last year. Paul Okoye continues his solo career under the name of Rudeboy.
6. Peter Okoye (fortune 5.8 Billion Naira)
Peter Okoye Paul Okoye’s twin brother also follows his career in Solo. He has signed numerous contracts, notably with Kia Motors and Lait Olympique. Peter Okoye’s fortune is slightly higher than that of his brother.
5. 2Baba (2Face) (fortune 5.9 Billion Naira)
Innocent Ujah Idibia, popularly known by his stage names 2Face and 2Baba, occupies a prominent place in the list of the richest musicians in Nigeria. 2Face was born on September 18, 1975 in Jos. It was called “2Face Idibia” until July 2014 and now it’s called 2Baba. Currently, he is one of the best known Afropop musicians in Africa.
4. DBanj (fortune 6 Billion Naira)
DBanj is known in Nigeria for his outstanding music and memorable songs. His full name is Oladapo Daniel Oyebanjo. He was born on 9 June 1980 in Zaria, Kaduna State. He has won numerous African, European and American awards for his Afropop and R&B compositions. In 2016, he was ranked first in TIN magazine’s ranking.
3. Don Jazzy (fortune 7.5 Billion Naira)
The producer and singer has distinguished himself by his musical talent, his persistence and his ability to interact with people. His real name is Michael Collins Ajereh. He was born on November 26, 1982 in Umuahia, Abia State. Don Jazzy is the founder of the Mo’Hits Records label, created in partnership with D’Banj. Don Jazzy and D’Banj separated in 2012 and Don Jazzy founded a new label called Mavin Records. He has signed some of the biggest stars of Nigerian music such as Dr. SID, Tiwa Savage, Wande Coal, Reekado Banks, Korede Bello, Di’Ja and many others. He has also signed contracts with companies such as MTN and Loya Milk.
2. Wizkid (fortune 8 Billion Naira)
The real name of multimillionaire Wizkid is Ayodeji Ibrahim Balogun. He was born in Surulere, Lagos State, on July 16, 1990. He released a collaborative album at the age of 11 with the group “Glorious Five”, formed by him and his friends at the church.
It is also known as the StarBoy scene. He gained popularity with the release of “Holla at Your Boy”, the song of his first album “Superstar” in 2010. Then, he released three hit albums, as well as a compilation album and even recorded a song “One Dance” with Drake. This song appeared in Guinness World Records.
1. Davido (fortune 9 Billion Naira)
Davido is a very popular singer and artist. His real name is David Adeleke. Davido was born on November 21, 1992 in Atlanta, United States. He started music from an early age. After the release of his debut album “Omo Baba Olowo”, which featured successful singles, Davido made his name in Nigeria and Africa. Since then, he has released countless singles that have earned him popularity and international recognition. He has signed contracts with companies such as AX and Infinix Mobility.